Duplex with Separate
For Sale
$240,000
3412 Glen Alpine Road, Kingsport, TN 37660
Multi Family, Kingsport, TN
Property Size2,128 SF
Lot Size0.28 Acres
Price / SF$112.78
Days on Market28
Property Features for 3412 Glen Alpine Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R 1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Basement
Patio and Porch features
Porch
Interior features
Remodeled
Fireplace
1
Basement
Walk-Out Access
Appliances
Dishwasher, Electric Range, Refrigerator
Subdivision
Not In Subdivision
Elementary school
Sullivan
Middle school
Sullivan
High school
West Ridge
Directions
From the corner of Glen Alpine Rd and Sullivan Gardens Dr take Glen Alpine Rd for 0.6 mile to the property on the right. GPS friendly.
Standard status
Active
APN
090f A 01100 000
Size
2,128 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
658
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air, Heat Pump
Water source
Public
Amenities
washer/dryer hookups
fireplace
sunroom
deck
Building Details
Year built
1958
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Concrete, Vinyl
Roof type
Shingle
Architectural style
Split Level
Listing Agency:
Fathom Realty
(888) 455-6040
Listed By:
Kelly Johnson · License #358306
(423) 765-8848
Added: Sep 18
Changed: Oct 12
Last Checked: Oct 15 at 1:06PM
MLS# 10001075
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,128-square-foot split-level duplex on a 0.28-acre parcel has two distinct living areas. The upper level contains three bedrooms, a bathroom, kitchen, living area, and washer and dryer hookups. The lower level includes two rooms, a second kitchen and bathroom, its own laundry hookups, and a living area with a fireplace. A sunroom provides an additional exit to the driveway.
Improvements include whole-house rewiring, updated plumbing and a new main water line, a new upstairs forced-air HVAC unit, and downstairs mini-split systems. The 50-gallon water heater was installed three months ago, and the septic system was pumped two years ago. Other features include a new deck, hardwood, concrete and vinyl flooring, and public water. The property is in Kingsport, Tennessee, and is zoned R 1.
Improvements include whole-house rewiring, updated plumbing and a new main water line, a new upstairs forced-air HVAC unit, and downstairs mini-split systems. The 50-gallon water heater was installed three months ago, and the septic system was pumped two years ago. Other features include a new deck, hardwood, concrete and vinyl flooring, and public water. The property is in Kingsport, Tennessee, and is zoned R 1.
Key Highlights
- 2,128‑square‑foot split‑level duplex on a 0.28‑acre parcel
- Upper level has 3 bedrooms, a kitchen, living area, bathroom, and laundry hookups
- Lower level includes 2 rooms, a kitchen, bathroom, laundry hookups, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,878
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,560
$317.6K
Cap Rate 7%
$226,829
$226.8K
Cap Rate 9%
$176,422
$176.4K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$24.3K $11.40/SF
− Vacancy
−$1.6K −$0.74/SF
EGI
$22.7K $10.66/SF
− OpEx
−$6.8K −$3.20/SF
NOI
$15.9K $7.46/SF
Area
Sullivan County, TN
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,560
Cap Rate 7%
$226,829
Cap Rate 9%
$176,422
Alternative Uses
Best Use
Multifamily LT 5
$226.8K
$198.5K – $264.6K
NOI $15,878 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$212.4K
$185.8K – $247.8K
NOI $14,865 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$796.9K
$697.3K – $929.7K
NOI $55,783 @ 7.0% cap · market cap 23.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two living levels have separate kitchens, laundry hookups, and climate-control systems.
Where is this duplex located?
The property is located at 3412 Glen Alpine Road Kingsport, TN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2,128‑square‑foot split‑level duplex on a 0.28‑acre parcel; Upper level has 3 bedrooms, a kitchen, living area, bathroom, and laundry hookups; Lower level includes 2 rooms, a kitchen, bathroom, laundry hookups, and a fireplace
